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Search resuls for: "BlackRock's Larry Fink"


3 mentions found


☆ BlackRock's Larry Fink said the last few years have dramatically reshaped supply chains. Data — and experts — disagree.
  + stars: | 2023-03-17 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +5 min
From the headlines, it's easy to think that supply chains are making a major shift closer to the consumer. "The repeated shocks of the past few years have also dramatically reshaped supply chains," Fink wrote in his highly-anticipated annual letter to shareholders Wednesday. His statements echo those from other top execs and prognosticators, who looked at the last few years and saw inevitable evolution toward more localized supply chains. Before the pandemic, supply chains were largely built with cost as a guiding principle. Is a "dramatic" redesign of supply chains possible?
☆ BlackRock's Larry Fink says the US banking system may face 'more seizures and shutdowns' after Silicon Valley Bank's collapse
  + stars: | 2023-03-15 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +3 min
BlackRock CEO Larry Fink raised the prospect of more bank "seizures and shutdowns" taking place. Markets remain on edge even after regulators took decisive action on Silicon Valley Bank, he said. Fink, in his annual letter to shareholders released Wednesday, addressed last week's seizure of SVB following its asset-liability mismatch. A jump in interest rates since March 2022 spurred billions in losses in Silicon Valley Bank's bond holdings, sparking last week's run on deposits. Fink said the fall of SVB recalled other periods of "spectacular financial flameouts" following prior tightening cycles.
☆ Sam Bankman-Fried took plenty of blame for FTX's downfall, but denied fraudulent behavior
  + stars: | 2022-12-01 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
And while I've got you here, it's time to start thinking about gifts with the holidays season in full swing. Do you know what's an informative, funny gift that has a long shelf life and, most important of all, is free? FTX Cryptocurrency exchange CEO Sam Bankman-Fried at a hearing on Capitol Hill on May 12, 2022. But the main attraction at The New York Times DealBook Summit on Wednesday was Sam Bankman-Fried. And frankly conflict of interest risk," SBF said.
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